Parke Bancorp (NASDAQ:PKBK) Issues Quarterly Earnings Results

Parke Bancorp (NASDAQ:PKBK) posted its earnings results on Friday. The bank reported $0.61 EPS for the quarter, Zacks reports. Parke Bancorp had a net margin of 22.32% and a return on equity of 9.75%.

Parke Bancorp Price Performance

Shares of PKBK stock traded up $0.22 during trading hours on Friday, hitting $20.00. 19,065 shares of the company’s stock were exchanged, compared to its average volume of 22,501. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64. Parke Bancorp has a 12-month low of $15.24 and a 12-month high of $24.29. The company has a market capitalization of $237.80 million, a PE ratio of 8.58 and a beta of 0.73. The business’s 50 day simple moving average is $21.51 and its 200-day simple moving average is $20.60.

Parke Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, January 3rd. Parke Bancorp’s dividend payout ratio is currently 30.90%.

Insider Transactions at Parke Bancorp

In other Parke Bancorp news, Director Jeffrey H. Kripitz sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $22.77, for a total value of $227,700.00. Following the completion of the transaction, the director now owns 73,013 shares of the company’s stock, valued at approximately $1,662,506.01. The trade was a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.33% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Parke Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, October 21st.

About Parke Bancorp

Parke Bancorp, Inc operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, time, money market, and individual retirement accounts, as well as certificates of deposit.